Expiration DateThe last day the warrants can be exercised. If warrants aren'tgoing to be exercised then they must be sold the day before the
expiry
date.
The
longer
the time
to expiry
the more valuable
the
warrants.
Leverage The
leverage
of a
warrant is a
measure
of how
much you can
increase
your exposure
to a
share if
you bought
warrants
instead
of making a
direct
investment.
It is
current
share
price by
the
current
price of
the warrant.
Intrinsic Value
The
difference
between the exercise
price
and the
actual trading
price of
the
common
stock.
Once the
common
has gone
over the
exercise price
the
warrants
are said to
be in
the
money.
Volatility
The
higher
the
volatility rating
the
higher
the
price of the
warrant
will be.
A
measure stock
price
changes a
specific
period
of time Historical
volatility
is calculated
by using
the standard
deviation
of an underlying
stock
price. In the
Money When the
price of
the common
is
higher
than the
exercise
price
Time
Value
The time
value is
the difference between
the
current
warrant and
its
intrinsic
value The time
value is
to be interpreted
as the
consideration paid for the
advantage
that the warrant
buyer
has over
the
direct
investor.